Traders,
UPDATE: EURSEK is seeing a great turn around now, after some aggressive buying pressure. Well done to anyone who caught this move with me from my historical idea on this pair (See related ideas)
Bullish demand seen on the retracement of the bull impulse leg. There is strong a strong Fibonacci confluence support level implying there is a hidden support here, which is a reliable launch pad for a rally. Nice rounded bottom after the impulse, expecting nice shift of demand from bears to bulls, before a move to the upside, probably in the form of a 3 wave impulse move.
I hope you have a tested trading strategy to trade this move when it starts
UPDATE: EURSEK is seeing a great turn around now, after some aggressive buying pressure. Well done to anyone who caught this move with me from my historical idea on this pair (See related ideas)
Bullish demand seen on the retracement of the bull impulse leg. There is strong a strong Fibonacci confluence support level implying there is a hidden support here, which is a reliable launch pad for a rally. Nice rounded bottom after the impulse, expecting nice shift of demand from bears to bulls, before a move to the upside, probably in the form of a 3 wave impulse move.
I hope you have a tested trading strategy to trade this move when it starts
